Bliss Timothy K's Form 4 filing
Appfolio Inc (APPF) · filed Aug 3, 2022
- Accession no.
- 0000899243-22-027654
- Filed
- Aug 3, 2022
- Trade date
- Aug 1-3, 2022
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 4 non-derivative transactions and 1 derivative transaction. Open-market sales total $1.83M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Bliss Timothy KCIK 0000938332 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 1, 2022 | Class A Common Stock | SSaleDisposed | −5,727 | $101.98 | −$584,039.46 | 11,953 | Direct | |
| Aug 2, 2022 | Class A Common Stock | SSaleDisposed | −9,010 | $103.90 | −$936,139 | 2,943 | Direct | |
| Aug 3, 2022 | Class A Common Stock | SSaleDisposed | −2,943 | $105.10 | −$309,309.3 | 0 | Direct | |
| Aug 3, 2022 | Class A Common Stock | CConversionAcquired | +50,000 | $0.00F1,F2,F3 | $0 | 50,000 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 3, 2022 | Class A Common Stock | CConversionDisposed | −50,000 | $0.00 | $0 | 792,549 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
These 50,000 shares of the Issuer's Class A Common Stock ("Class A Shares") were acquired by the Reporting Person upon the conversion of 50,000 shares of the Issuer's Class B Common Stock ("Class B Shares") that had been owned by the Reporting Person.
Referenced by the price of 1 transaction in Table I.
- F2
Each of the Class B Shares is convertible, at any time at the option of the holder, into one Class A Share. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in the Issuer's Amended and Restated Certificate of Incorporation).
Referenced by the price of 1 transaction in Table I.
- F3
(Continued from Footnote 2) The Issuer's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share-for-one share basis, on the date when the number of the Issuer's outstanding Class B Shares represents less than 10% of the sum of its outstanding Class A Shares and Class B Shares.
Referenced by the price of 1 transaction in Table I.